UN

Non-tariff regulations rise in Asia-Pacific trade

UNCTAD issued its Asia-Pacific Trade and Investment Report 2019 highlighting that these tariffs affect the 58% of trade in Asia-Pacific trade, adding that the non-tariff measures (NTMs) have significantly increased in the past two decades.

UN cuts economic growth forecast due to trade tensions

Due to unresolved trade tensions, high international policy uncertainty and declining business confidence, the UN announced on May 21, a broad-based slowdown in the global economy and cut its growth predictions. UN also informed that a weaker global economy puts essential investments at risk. Developing countries could feel the most impacts.

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